Keep Your OCEAN Safe
The Ocean Token is a standard ERC-20 token and can be stored in any wallet with ERC-20 capabilities. Here are some ERC-20 wallets.
Developed a tool or wrote something about Ocean Tokens? Let us know @oceanprotocol
Users stake OCEAN (add liquidity) on data to earn transaction fees and staking rewards.
Users use OCEAN in OceanDAO to govern which Ocean community projects to fund.
Unit of Exchange
OCEAN is the default unit of exchange to buy & sell data in Ocean Market.
Users can stake OCEAN on a data asset in Ocean Market, to earn. Staking is the act of adding liquidity to a datatoken-OCEAN pool. Stakers earn a cut of each data buying transaction fee, proportional to their stake. Stakers will earn more yet via the Ocean Data Farming program (not yet released).
Via OceanDAO, users use OCEAN to govern which Ocean community projects to fund. In Ocean, governance is about directing the flow of resources towards the teams and projects that offer the best chance for growth. OCEAN holders are incentivized to do work to learn more about each team and project proposal, and then use OceanDAO to vote for the most promising teams/projects. The main criteria are return on investment, and alignment with Ocean's Mission and Values. 51% of the OCEAN supply is disbursed according to a Bitcoin-like schedule over decades, to fund community projects curated by OceanDAO. This helps both near-term growth and long-term sustainability
Unit of Exchange
OCEAN is the default unit of exchange to buy & sell data in Ocean Market. Earn by publishing data in Ocean Market, or creating your own Ocean-powered market.
- Ocean Token Model: System Dynamics for Near-Term Growth and Long-Term Sustainability
- The Web3 Sustainability Loop: A System Design for Long-term Growth of Web3 Projects, with Application to Ocean Protocol
- Ocean Market: Featuring OCEAN Staking, Automated Market Makers, and Initial Data Offerings
- Announcing Ocean Data Farming
- Ocean Protocol Technical Whitepaper